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    Zimbabwe Economy - 1991
    https://theodora.com/wfb1991/zimbabwe/zimbabwe_economy.html
    SOURCE: 1991 CIA WORLD FACTBOOK

      Overview: Agriculture employs three-fourths of the labor force and supplies almost 40% of exports. The manufacturing sector, based on agriculture and mining, produces a variety of goods and contributes 35% to GDP. Mining accounts for only 5% of both GDP and employment, but supplies of minerals and metals account for about 40% of exports. Wide year-to-year fluctuations in agricultural production over the past six years have resulted in an uneven growth rate, one that on average matched the 3% annual increase in population.

      GDP: $5.6 billion, per capita $540; real growth rate 4.2% (1990 est.)

      Inflation rate (consumer prices): 13% (1989)

      Unemployment rate: at least 20% (1990 est.)

      Budget: revenues $2.7 billion; expenditures $3.3 billion, including capital expenditures of $330 million (FY91)

      Exports: $1.7 billion (f.o.b., 1989); commodities--agricultural 35% (tobacco 20%, other 15%), manufactures 20%, gold 10%, ferrochrome 10%, cotton 5%; partners--Europe 55% (EC 40%, Netherlands 5%, other 10%), Africa 20% (South Africa 10%, other 10%), US 5%

      Imports: $1.4 billion (c.i.f., 1989); commodities--machinery and transportation equipment 37%, other manufactures 22%, chemicals 16%, fuels 15%; partners--EC 31%, Africa 29% (South Africa 21%, other 8%), US 8%, Japan 4%

      External debt: $2.96 billion (December 1989 est.)

      Industrial production: growth rate 4.7% (1988 est.); accounts for 35% of GDP

      Electricity: 2,036,000 kW capacity; 5,460 million kWh produced, 540 kWh per capita (1989)

      Industries: mining, steel, clothing and footwear, chemicals, foodstuffs, fertilizer, beverage, transportation equipment, wood products

      Agriculture: accounts for about 15% of GDP and employs 74% of population; 40% of land area divided into 4,500 large commercial farms and 42% in communal lands; crops--corn (food staple), cotton, tobacco, wheat, coffee, sugarcane, peanuts; livestock--cattle, sheep, goats, pigs; self-sufficient in food

      Economic aid: US commitments, including Ex-Im (FY80-89), $389 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-88), $2.3 billion; OPEC bilateral aid (1979-89), $36 million; Communist countries (1970-89), $134 million

      Currency: Zimbabwean dollar (plural--dollars); 1 Zimbabwean dollar (Z$) = 100 cents

      Exchange rates: Zimbabwean dollars (Z$) per US$1--2.6724 (January 1991), 2.4480 (1990), 2.1133 (1989), 1.8018 (1988), 1.6611 (1987), 1.6650 (1986), 1.6119 (1985)

      Fiscal year: 1 July-30 June

      NOTE: The information regarding Zimbabwe on this page is re-published from the 1991 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Zimbabwe Economy 1991 information contained here. All suggestions for corrections of any errors about Zimbabwe Economy 1991 should be addressed to the CIA.

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    https://theodora.com/wfb1991/zimbabwe/zimbabwe_economy.html

    Revised 08-Feb-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


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